Michigan jumbo mortgage rates for 5 year and 7 year fixed ARMS

I am not currently recommending jumbo fixed rate products in all but a very few cases going to the conforming limit of $417k and taking a second for the difference will give you a lower blended rate.

5 Year ARM:

I would offer 6.125%/6.551% apr

7 year ARM:

I would offer 6.25%/6.542% apr

Assumes a $650k loan amount and an $813k home value, and a $2000 origination fee.  Rates may vary based on loan size.

Special features:

Free 60 day rate lock

Free float down to the best rate of any day between lock in and 3 days prior to closing.

No escrow required

Scores as low as 650 for full documented income

Stated income over 700 score no charge

Loan amounts up to 1.5 million at the quoted rate

NO pmi for loans above 80% ( loan amounts maybe restricted)

Simply the best jumbo loan product I have ever been able to offer

To obtain more information and a to receive a quote specific to your needs and situation email alacey@principlemtg.com and we can schedule a time to talk

 To apply: https://principlemtg.mortgagexsites.com/mercury/loanappweb/LoanAppNew.aspx?AWSAccountsID=438866&LanguageID=1

 Make sure to select Alan Lacey as your loan officer.

 Rates are subject to change based on variations in the market. This is not a commitment to lend and shouldn’t be construed as such. Only valid offers if Alan Lacey is your loan officer. Minor fluctuations can occur in APR based on closing date and any changes to the costs my lenders charge.

 To see what competing lenders can offer just check the links to the right and you will be able to check the rates of the nation’s largest lenders for yourself and compare what they can offer vs. what I can do.

 A few such as Countrywide make it nearly impossible to get a quote without talking to a loan officer, and others such as Quicken Loans require you to put in a payment trying to make payment the basis of your decision rather than the actual loan terms.